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A. Multiple financial data sources and systems within an organization B. Over reliance on a master source and system for financial data C. Strict organizational data governance policies and processes D. Insufficient financial information due to compliance regulations
A. Multiple financial data sources and systems within an organization
B.over reliance on a master source and system for financial data
Financial Management is a common financial-information managment problem which also include failure to strategize
A. Multiple financial data sources and systems within an organization
Multiple financial data sources and systems cause integration and consistency challenges, hindering access to accurate financial information. Centralizing data is crucial for accuracy, decision-making, and reporting efficiency.
A
Multiple financial data sources and systems within an organization. One of the most common problems
faced by financial-information management is multiple financial data sources and systems within an
organization. Because of the different, sometimes incompatible data sources and systems, it is often
difficult for managers to get a single view of their companies' financials. Therefore, organizational
overreliance on a master source and system for financial data is not typically a financial-information
management problem. Few companies have a single master source of data nor a single system for
recording and reporting the data. Rather than strict organizational data governance policies and
processes, most companies suffer from inadequate data governance. Due to increased compliance
regulations, most companies have much more financial information than ever before.
The correct answer is A
The user should reply on master source otherwise data redundancy and incompatibility will arise.
Strict data governance policies will ensure data compatibility.
A. Multiple financial data sources and systems within an organization &
C. Strict organizational data governance policies and processes
Strict organizational data governance policies and processes